Pinnacle West Capital Corporation’s (NYSE: PNW) Board of Directors today
declared a quarterly dividend of $0.595 per share of common stock,
payable on March 2, 2015, to shareholders of record on February 2, 2015.

Pinnacle West Capital Corporation (NYSE: PNW) today reported
consolidated net income attributable to common shareholders of $5.4
million, or $0.05 per diluted share, for the quarter ended December 31,
2014.

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the
Company”) today announced that severe winter weather in West Texas has
significantly impacted production and drilling operations in the
Spraberry/Wolfcamp area.

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the
Company”) today announced that it has converted approximately 85% of its
2015 oil derivative contracts from three-way collars to fixed-price
swaps.

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the
Company”) today announced that the Company added proved reserves
totaling 177 million barrels oil equivalent (MMBOE) during 2014 from
discoveries, extensions and technical revisions of previous estimates
(excludes revisions of previous estimates of 39 MMBOE of proved
undeveloped (PUD) reserves related to vertical drilling locations in the
Spraberry/Wolfcamp area that are no longer expected to be drilled,
acquisitions of 2 MMBOE and 12 MMBOE of positive pricing revisions).
These drillbit proved reserve additions equate to a drillbit reserve
replacement of 239% of Pioneer’s full-year 2014 production of 74 MMBOE,
which includes 5 MMBOE of production associated with assets that were
divested during 2014 (Alaska, Barnett Shale and Hugoton) and production
used for field fuel of 3 MMBOE.

Pioneer Natural Resources Company (NYSE:PXD) today announced that
Tim Dove, President and Chief Operating Officer, will participate on a
E&P Panel discussion at The Simmons & Company Energy Conference on
Thursday, March 5 at 11:00 a.m. PT.

Pioneer Natural Resources Company (NYSE:PXD) today announced that
Tim Dove, President and Chief Operating Officer, will participate in a
panel discussion at The Goldman Sachs Global Energy Conference on
Wednesday, January 7, 2015 at 10:15 a.m. ET.

Pioneer Natural Resources Company (NYSE:PXD) today announced that
Tim Dove, President and Chief Operating Officer, will present at the
Capital One Securities Annual Energy Conference on Wednesday, December
10, 2014 at 8:20 a.m. Central time.

Piper
Jaffray (NYSE: PJC), a leading investment bank and asset management
firm, is pleased to announce that senior bankers Len Sheer, Amrit
Agrawal and Bob Lauria joined the Piper Jaffray debt capital markets
group to help lead the expansion of the firm’s debt capabilities.